Address
196 E Second Avenue E, North Bay, ON
Price
$ 989,900
Property Attributes
  • MLS#X13701478
  • TypeMulti-Family
  • Listing Status Sold Conditional
  • CityNorth Bay
  • AreaCentral
  • NeighbourhoodCentral
  • Postal CodeP1B 1L2
  • Style2-Storey
  • Taxes$ 3222
  • Price$ 989,900
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2000-2500
  • Lot Size0.25 Acres
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached.

Price History
8/21/2026 Listed $989,900

General Features

Sewer Sewer
Cooling None
Roof Asphalt Shingle
Architectural Style 2-Storey
Pool Features None
Construction Materials Brick Front,Brick Veneer
View Downtown
Heater Type Radiant
Parking Spaces 4
Property Subtype Fourplex
Tax Year 2026
Lot Depth 85.0
County Nipissing
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction South
Garage Y/N No
Status Sold Conditional
City North Bay
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 3222.45
Standard Status Active Under Contract
Occupancy Type Vacant
Tax Assessed Value 178000
Legal Description PT LT 1-2 PL 79 WIDDIFIELD AS IN NB84072; NORTH BAY ; DISTRICT OF NIPISSING

Interior Features

Interior Amenities ERV/HRV,On Demand Water Heater
Basement Apartment,Separate Entrance
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 8
Elevator? No
Total Baths 4
Bedrooms 8
Living Area Range 2000-2500

Exterior Features

Exterior Amenities Lighting,Porch,Year Round Living
Parking Features Available,Front Yard Parking
Total Parking 4.0
Garage Type None
Foundation Details Block,Concrete,Concrete Block
Spa No
Lot Size Source GeoWarehouse
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in P1B 1L2

Price
AVG $990K
$990K
Taxes
AVG $3,222
$3,222
Visits
AVG 31
28
Data Provided by Inside Real Estate®